File #: 230349    Version: Name:
Type: Ordinance Status: Passed
File created: 10/23/2023 In control: Village Board of Trustees
On agenda: Final action: 1/18/2024
Title: Text Amendments to Section 36.30 to 36.74 of Village Code: The Economic & Community Development Committee submits its recommendation to approve Text Amendments to Chapter 36 relative to the Tax Increment Financing Grant Programs. With the expiration of the Lombard Downtown Tax Increment Financing (TIF) District, several code changes are being introduced striking all references to the Downtown TIF District, removing all grant requirements, and referencing the adopted Program Policies adopted by the Village Board. (DISTRICTS - ALL)
Attachments: 1. 230349_ Lombard Downtown TIF District Termination Text Amendments to Sections 36.30 through 36.74.pdf, 2. 230349_ Lombard Downtown TIF Ditrict Termination -Text Amendments Chapter 36.30- 36.74 of Village Code.pdf, 3. BOARD MEETING 1-04-24 230349 Text Amendments to Chapter 36.30 et. Seq Relative to Tax Increment Financing Grant Program.pdf, 4. Ordinance 8235 Text Amendments to Section 36.30 to 36.74 of Village Code.pdf, 5. Cover Page 230349.pdf

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Text Amendments to Section 36.30 to 36.74 of Village Code:

The Economic & Community Development Committee submits its recommendation to approve Text Amendments to Chapter 36 relative to the Tax Increment Financing Grant Programs.  With the expiration of the Lombard Downtown Tax Increment Financing (TIF) District, several code changes are being introduced striking all references to the Downtown TIF District, removing all grant requirements, and referencing the adopted Program Policies adopted by the Village Board. (DISTRICTS - ALL)

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